Individually Owned Property summary
AI-generated overview
Midway Plaza, a Class B retail center in Tyler, Texas, offers a prime storefront opportunity. This single-story, 12,575 square foot building, constructed in 2010, boasts six suites, with one vacant space totaling 2,060 square feet. Located at 7484 S Broadway Ave, zip code 75703, in Smith County, this multi-tenant property enjoys a high-traffic, high-visibility location. The building benefits from 300 feet of frontage along South Broadway Avenue, placing it within Tyler's busiest retail corridor. This convenient location provides easy access to over 50 dining, grocery, and retail establishments within a three-mile radius. The property is categorized as Retail and Restaurant, specifically a storefront tenancy. This presents a unique chance to establish or expand a business in a thriving commercial area. The property's strategic placement ensures significant exposure to a large customer base. This exceptional opportunity is ideal for businesses seeking high visibility and convenient access to a dense concentration of retail activity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Total area
12,690 SF
Lot
1.54 ac (67,257 SF)
APN
1-50000-1450-01-002000
UPID
US82-5382567
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
HVAC Service General Contractor
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$890k
Blend (final)
Blend
$715k
Owner & transaction history
since 2024
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Restaurant
$1.2M
+45.0%
Auto repair, garage
$1.1M
+34.6%
Office building
$1.1M
+31.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$715k
Value range
$644k – $787k
±10% around blend
Estimated value / SF
$56 / SF
Confidence
Property data
75
Comparable evidence
60
$644k
blend $715k
$787k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,690 SF
Lot area
1.54 ac
Year built
2010
APN
1-50000-1450-01-002000
Assessed value
$1,670,151
Annual tax
$29,114
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$890k
Range $437k – $1.29M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$715k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+45%
vs current-use indication
Auto Repair, Garage
Office Building
Retail Stores · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.67M
Move the market yield to see immediate price impact.
Value / SF
$132
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$105k
$2.10M
$1.50M
$1.17M
$117k
$2.34M
$1.67M
$1.30M
$129k
$2.57M
$1.84M
$1.43M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$29,114
Tax year 2023
Assessed value
$1,670,151
Assessed 2023
Previous assessed
$1,670,151
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$706,378
Assessed improvement
$963,773
Land market value
$706,378
Improvement market value
$963,773
Total market value
$1,670,151
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Heating
NONE
Buildings
3
Total area
12,690 SF
Lot
1.54 ac (67,257 SF)
APN
1-50000-1450-01-002000
UPID
US82-5382567
Jurisdiction
SMITH
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Buildings
3
Lot
1.54 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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